Oanda vs XTB: Comparison and Analysis

Oanda vs XTB: A Comparison Summary

When it comes to online trading, selecting the right broker can have a significant impact on your investment success. This comparison between Oanda and XTB will provide traders with a clear understanding of their similarities and differences.

Security Regulations

Oanda is regulated by ASIC, MAS, FSA, FCA, NFA, IIROC, BVI, and has a security rating of 94. Meanwhile, XTB is regulated by CySEC, FCA, KNF, IFSC, DFSA, FSCA, and has a slightly higher security rating of 95.

Demo Account

Both brokers offer demo accounts for traders to practise their skills. Oanda’s demo account has no time limit and offers $100,000 virtual funds that can be replenished by contacting customer support. XTB’s demo account has a 30-day time limit, but it also offers $100,000 virtual funds that can be renewed indefinitely by contacting customer support.

Account Opening

Oanda and XTB have no minimum deposit required for account opening. Oanda offers accounts in USD, EUR, GBP, CZK, HKD, SGD, and JPY. Payment methods include wire transfers, credit/debit cards, and e-wallets. Oanda offers Standard, Premium, Core, Spread Betting, and Professional accounts. XTB offers accounts in GBP, EUR, and USD, with payment methods including wire transfers, credit/debit cards, and e-wallets. XTB offers Standard, Islamic, and Professional accounts.

Social and Copy Trading

Oanda offers social and copy trading features through third-party platforms such as Tradingview, and traders can use EAs on the MT4 and MT5 platforms. XTB does not provide any social or copy trading features.

Markets

Oanda offers a wide range of markets, including forex, commodities, indices, crypto assets, stocks, ETFs, and bonds. On the other hand, XTB offers forex, commodities, indices, crypto assets, stocks, and ETFs.

Trading Fees

Oanda’s spreads are variable, with forex spreads starting at 1.2 pips, which is higher than the market average. Oanda offers zero-commission trading on stocks for EUR accounts. XTB’s spreads are variable, with forex spreads starting at 0.3 pips, which is below the market average. XTB offers zero-commission trading on real stocks and ETFs for EU traders with monthly volumes of up to EUR 100,000.

Platforms

Oanda offers its proprietary platform, the Oanda Trade Platform, which is available on desktop, web, and mobile devices, along with the MT4 and MT5 platforms. XTB offers its proprietary platform, the xStation platform, which is available on web and mobile devices.

Education and Customer Care

Both brokers offer a range of educational resources, including tutorials, webinars, events, FAQs, blog articles, ebooks, trading videos, and seminars. Both brokers also have easy-to-reach customer care, with phone, email, and live chat options available.

Conclusion

Both Oanda and XTB offer a range of services that cater to traders with different needs. Oanda offers more markets, while XTB has lower spreads and zero-commission trading on stocks and ETFs for EU traders with monthly volumes of up to EUR 100,000. Both brokers have reliable customer care and educational resources. Traders should carefully consider their investment goals and choose the broker that best suits their needs.